Get the Tata Capital App to apply for Loans & manage your account. Download Now

Blogs SUPPORT

Equipment Finance

Avail Digital Equipment Loans
up to Rs. 1 Crore

  • Attractive ROIs
  • Customizable Loan tenure

Equipment Leasing

Avail Leasing solutions
for all asset classes

  • Up to 100% financing
  • No additional collateral required

New Commercial Vehicle Financing

  • First time user
  • Retail and strategic Clients

Used Commercial Vehicle finance

  • Repurchase
  • Refinance
  • Top up
  • Balance Transfer

Tata Capital > Blog > Loan for Vehicle > Pros and Cons of Buying Electric Scooters in India

Loan for Vehicle

Pros and Cons of Buying Electric Scooters in India

Pros and Cons of Buying Electric Scooters in India

With concerning levels of air pollution and other glaring climate change issues on the rise, electric vehicles have become the talk of the town. From Tesla cars to electric scooters, these eco-friendly alternatives are gradually claiming their space on Indian roads. And rightly so! Since fossil fuels are decreasing day by day, electric vehicles are a sustainable alternative.

However, knowing the advantages of electric vehicles is not enough to purchase them. Read on to learn the pros and cons of buying an electric scooter in India.

Pros of buying an electric scooter

#1 Minimal running cost

Since these scooters are battery-powered, you also save a considerable amount of money and get the same mileage as their petrol counterparts. Hence, you can save a significant amount in the long run.

#2 Less noise

As you know, most vehicles produce a lot of noise and contribute immensely to noise pollution levels. However, you will find electric scooters and bikes make barely any noise.

#3 Eco-friendly

Undoubtedly, the most significant benefit of electric scooters is that they are environmentally friendly. They don’t burn fossil fuel or produce smoke and curb air pollution in the process.

Additional Read: Hero Electric: Best Electric Bikes & Scooters in India

#4 Storage space

If you require ample storage space in your vehicle, switching to an electric scooter makes sense. This is because these scooters don’t house many mechanical parts and thus, have larger storage space.

#5 Lightweight

Since electric scooters have fewer parts, they are lightweight and compact. Hence, they are easy to park and drive.

Cons of buying an electric scooter

#1 Initial investment

Since electric bikes and scooters are still not manufactured on a large scale in India compared to petrol-powered vehicles, their production cost is considerably higher. But you can easily cover the high cost by financing the purchase with a two-wheeler loan.

#2 Charging time

With a petrol-powered vehicle, you only need a few minutes to fill up the petrol tank. This is not the case with electric vehicles, as they require a long time to charge. And this can be a hindrance if you are in a hurry to reach somewhere.

#3 Battery life

Did you know electric batteries must be replaced once they are damaged? These batteries usually last for a year and can be highly expensive. However, with lenders offering competitive two-wheeler loan interest rates, you can cover the cost with ease.

Additional Read: Ola Electric Scooter: Key Features, Mileage, Prices in India

#4 Lack of infrastructure

Lastly, electric vehicles are still a relatively newer concept in India. This is why there is a lack of proper infrastructure like charging stations. Therefore, it can be challenging to take the scooter for a long ride. Moreover, there aren’t enough repair centres and spare part dealers for EVs countrywide.

Over to you

Now that you are aware of the merits and demerits of purchasing an electric scooter, you can make an informed decision. And if you decide to go ahead and bring home a sustainable two-wheeler, check out Tata Capital’s bike finance offerings. We offer competitive bike loan interest rates and flexible tenures to help you repay the loan seamlessly.

So, visit our website and apply for a loan online today!

Leave a Reply

Your email address will not be published. Required fields are marked *